Saturday, 22 June 2019

Australian Dollar Week Ahead: AUDUSD, AUDJPY Near-Term Reversals?

The Australian Dollar may see near-term gains versus the US Dollar and Japanese Yen, but the AUDUSD weekly chart hints downtrend resumption in the medium-term. AUDJPY eyes resistance.


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US Dollar Outlook Mired by Bets for Fed Rate Cut in July

Fresh data prints coming out of the US economy may do little to heighten the appeal of the Dollar as the Federal Reserve alters the forward guidance for monetary policy.


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Trading the Bullish Engulfing Candle

The bullish engulfing pattern is an easy to identify reversal signal when used correctly. Learn how to trade using the bullish reversal.


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GBP Eyeing G-20 Summit, UK GDP After BoE Sends Chilling Message

Sterling traders will be nervously eyeing UK GDP and the G-20 summit after the BoE sent a chilling message about their outlook for Brexit and growth risks.


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Friday, 21 June 2019

Euro Technical Forecast: EURUSD May Break Falling Wedge Pattern

The Euro found a bid last week, and on that it is once again flirting with a breakout of a large falling wedge pattern; a confirmed break could send it considerably higher.


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Crude Oil Prices Cast Worried Eye on G20 Summit, Iran a Wildcard

Crude oil prices are eyeing a critical G20 summit where the US and China are expected to resume trade negotiations. Building tensions with Iran are a wildcard.


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A Dollar Reversal and S&P 500 Nonplussed at Record High Ahead of G20 Summit

The S&P 500 earned its record high this past week, but apparently it wasn’t a move inherently tooled for follow through. Meanwhile, the Dollar ended the week with a provocative breakdown. Will these trends continue?


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Palladium Price: Bullish Move Could be Nearing its Final Stage

Palladium upward trend continues but with lower momentum. Here are the key levels the price needs to clear to carry on its bullish move.


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Gold Price Weekly Outlook: Gold Rips to 5-Year Highs- Buyers Beware

Gold prices are poised to post the largest weekly advance in three years with price probing key resistance. These are the levels that matter on the XAU/USD weekly chart.


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EURUSD Reclaims 1.13, Gold Cracks $1400, Oil Price Volatility Persists - US Market Open

EURUSD reclaims the 1.1300 level following better than expected Eurozone PMI figures. Gold Breaks $1400 with central bank stimulus on the horizon.


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US Dollar Sell-Off Pauses at Key Support - Can Bears Break Through?

The US Dollar put in a big move around FOMC this week but, as yet, hasn't broken through key support. The Q3 open is now just around-the-corner.


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Forex and Gold Price Charts to Watch Next Week

Next week we could see the Dollar break a big level, while gold has already broken a big level, but is it sustainable?


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USDCAD and EURGBP Technical Set-ups, Both Looking Weaker Ahead

USDCAD has an interesting longer-term outlook which could lead to short-term set-ups, while EURGBP could be on its way lower next week.


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Crude Oil Price - Trump Fuelled Rally Running into Resistance

Crude oil keeps pumping higher after news that US President Trump authorized strikes against a number of targets in Iran before pulling the order, in retaliation for the downing of a US drone.


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Bitcoin (BTC) Rally Continues; Consolidation Needed Before Next Push

Bitcoin continues to probe USD10,000 with little technical resistance ahead to stem the move. A period of consolidation may be needed before BTC re-tests the March 2018 swing-high.


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US Dollar Price on the Brink of Support Break: DXY, Euro Charts

The USD index is flirting with a break of significant support, can it hang on as it did recently or will we see a sizable slide commence as soon as next week?


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US Dollar Outlook: USD/CHF Price Action Controlled by Sellers for Now

Since the start of this week USD/CHF has lost nearly 2.6% of its value. Here is the price to consider for a possible continuation of the bearish momentum.


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EURUSD Fails to Push Higher As Eurozone PMIs Are Mixed

EURUSD and EURGBP both experience a small boost on the release of German PMIs but quickly correct as Eurozone PMIs are mixed. The Eurozone continues to experience heightened risk.


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S&P 500 Outlook: Fed Easing Cycles Bode Well for S&P 500 in Short Run

Federal Reserve confirm its U-Turn in monetary policy having provided an easing bias in an attempt to sustain the expansion, taking S&P 500 to record highs. Focus on G20 Summit.


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Thursday, 20 June 2019

Trading with the Bearish Engulfing Candle

The bearish engulfing pattern is an effective way to spot reversals to the downside. Find out how to trade using this candlestick pattern


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...